Apple CEO Steve Jobs Takes Medical Leave of Absence

By Alexis C. Madrigal

Steve Jobs, perhaps the most valued CEO in America, will temporarily leave Apple for health reasons, the company announced today. A short media advisory did not disclose any specifics about Jobs' condition. Two years ago, the Apple chief took another leave of absence during which he had a liver transplant as part of his treatment for pancreatic cancer. We wish Jobs well.

The public disclosure followed Jobs' internal announcement. He sent the following email to all Apple employees:

Team,

At my request, the board of directors has granted me a medical leave of
absence so I can focus on my health. I will continue as CEO and be
involved in major strategic decisions for the company.

I have asked Tim Cook to be responsible for all of Apple's day to day
operations. I have great confidence that Tim and the rest of the
executive management team will do a terrific job executing the exciting
plans we have in place for 2011.

I love Apple so much and hope to be back as soon as I can. In the
meantime, my family and I would deeply appreciate respect for our
privacy.

Chief Operating Officer Tim Cook will lead the company while Jobs is out.